ABSTRACT
Merger and acquisition has been widely acclaimed by scholars and professionals in business as the most desirable and effective strategy to revive the difficult situations facing Nigeria economic climate. The situation is so terrible that organizations had to turn around and adopt strategy to survive through this turbulent water. This research work has the objective undertaking to examines, analyze and evaluate the effectiveness of merger and acquisitions as a strategy for organizational survival in Nigeria and investigates whether it can result to economic of scale and increase profitability of the combined firms. To this end, questionnaire were administrated to Oando Nigeria Plc and some few other organizations that merged. The data and information collected were analyzed using simple tables, frequencies and percentages. The findings of this research reveals that merger and acquisitions brings about improve in the productivity of the emerged organizations. The researcher is of the opinion that, based on the findings, the recommendations made if properly followed, it will improve the activities of merger and acquisition for the benefit of the government, proposing organizations and the interested public at large.
TABLE OF CONTENTS
Cover page---------i
Title page----------ii
Declaration----------iii
Approval page---------iv
Dedication----------v
Acknowledgement--------vi
Abstract----------viii
Table of content---------ix
CHAPTER ONE
Introduction
1.0Background of the study------1
1.1Historical Background of Oando Nigeria Plc---3
1.2Statement of the general problem-----5
1.3Objective of the study-------6
1.4Significance of the study------8
1.5Research question-------9
1.6Statement of hypothesis------10
1.7Scope and limitation of the study-----10
1.8Definition of terms-------12
CHAPTER TWO
Review of Related Literature
2.0Introduction--------14
2.1Merger and Acquisition definitions-----14
2.2Types of Merger--------16
2.3Strategies for business survival-----18
2.4Motive behind merger and acquisition----19
2.5Reason for merger and acquisition preference over
investment in new business generated from scratch--23
2.6Procedure for effective merger-----26
2.7Method of financing merger------28
2.8Merger and acquisition investment banking---31
2.9Merger and acquisition market place difficulties--32
2.10The effect of merger and acquisition----35
2.11Legal issues in M & A -------36
2.12Regulation of M & A in Nigeria-----37
2.13Summary of the review-------40
CHAPTER THREE
RESEARCH METHODOLOGY
3.0Introduction---------42
3.1Area of study--------42
3.2Research design--------43
3.3Research population-------43
3.4Sample and sampling technique-----44
3.5Data collection instruments------44
3.6Data collection method-------46
3.7Validity and reliability of the instrument----46
3.8Administration of research instruments----47
3.9Techniques of data analysis (mode)----47
CHAPTER FOUR
Presentation and Analysis of Data
4.0Introduction--------49
4.1Respondent characteristic and classification---49
4.2Presentation and Analysis of data-----50
4.3Testing of hypothesis-------58
4.4Summary of findings-------60
CHAPTER FIVE
Summary, Conclusion and Recommendation
5.0Introduction--------62
5.1Summary--------62
5.2Conclusion---------65
5.3Recommendations-------65
Bibliography ---------68
Appendix